NMI Holdings, Inc. financials

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NMIH CIK 0001547903

Source: EDGAR filings · Built 2026-06-02T03:40:08Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 412.52M 386.70M 333.31M 302.82M 313.48M 240.44M
Net Debt 381.60M 371.14M 312.31M 363.73M 320.88M 271.66M
Net Margin 55.05% 55.32% 55.63% 55.97% 47.65% 39.60%
Return on Equity (ROE) 15.00% 16.24% 16.72% 18.15% 14.76% 12.53%
Return on Assets (ROA) 10.13% 10.75% 10.95% 11.64% 9.43% 7.92%
Debt-to-Equity 0.16× 0.19× 0.21× 0.25× 0.25× 0.29×
Effective Tax Rate 22.18% 22.29% 21.95% 22.37% 22.11% 21.34%
Cash Conversion Ratio 1.08× 1.09× 1.06× 1.07× 1.41× 1.47×
Accruals Ratio -0.01× -0.01× -0.01× -0.01× -0.04× -0.04×
SBC % of Revenue 2.86% 3.04% 2.92% 2.95% 3.44% 2.57%
CapEx Coverage 61.83× 57.00× 36.56× 29.64× 26.62× 20.77×
Free Cash Flow Per Share $5.22 $4.76 $3.97 $3.52 $3.61 $3.03

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 8.29× 8.30× 7.73× 6.17× 8.25× 10.63×
P/FCF 7.82× 7.73× 7.47× 5.94× 6.06× 7.47×
FCF Yield 12.80% 12.94% 13.39% 16.85% 16.51% 13.39%
P/S 4.40× 4.44× 4.15× 3.34× 3.86× 4.45×
P/B 1.20× 1.30× 1.25× 1.08× 1.20× 1.41×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 706.44M 650.97M 579.00M 523.35M 485.07M 433.28M
Income Tax Expense (Benefit) 110.88M 103.31M 90.59M 84.40M 65.59M 46.54M
Net Income (Loss) Attributable to Parent 388.93M 360.11M 322.11M 292.90M 231.13M 171.57M
Earnings Per Share, Basic $5.01 $4.51 $3.91 $3.45 $2.70 $2.20
Weighted Average Number of Shares Outstanding, Basic 77.63M 79.84M 82.41M 84.92M 85.62M 78.02M
Earnings Per Share, Diluted $4.92 $4.43 $3.84 $3.39 $2.65 $2.13
Weighted Average Number of Shares Outstanding, Diluted 79.04M 81.27M 83.85M 86.00M 86.89M 79.26M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Assets 3.84B 3.35B 2.94B 2.52B 2.45B 2.17B
Long-term Debt — — — 396.05M 394.62M 393.30M
Liabilities 1.25B 1.13B 1.01B 902.30M 884.79M 797.08M
Stockholders' Equity Attributable to Parent 2.59B 2.22B 1.93B 1.61B 1.57B 1.37B
Common Stock, Shares, Outstanding 76.29M 78.60M 80.88M 83.55M 85.79M 85.16M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 419.30M 393.60M 342.68M 313.39M 325.72M 252.60M
Payments to Acquire Property, Plant, and Equipment 6.78M 6.91M 9.37M 10.57M 12.24M 12.16M
Net Cash Provided by (Used in) Investing Activities -316.47M -339.29M -200.00M -289.79M -374.18M -629.55M
Payments for Repurchase of Common Stock 105.10M 97.61M 91.61M 56.58M 0 0
Net Cash Provided by (Used in) Financing Activities -113.20M -96.70M -90.42M -55.83M -1.83M 462.80M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NMIH CIK 0001547903), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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